Monday, March 23, 2009

Day Trade*: Buying ES 790 Selling ES 796

So far day's High minus one (large) Interval or 802.25 - 12.50= 789.75

Objective: 789.75 + 1/2 Interval or 796

Stops: I normally use half my objective. So If I am going for,
say, six points, my stop would be at 790 - 3 or 787.

*I am omitting the word "near" following "Selling" or "Buying".


I have been asked repeatedly to explain my day-trading style.
Please click on "Equidistant Levels Explained" on the right side
of the page.

Or click here.

3 comments:

Larry said...

Thanks for the explanation. Good luck.

Win said...

Will,
Are you bullish or bearish near-term?

I am getting bullish, but thinking we might see a small pullback first.

Will Rahal said...

I agree with you, Win.